Binance Delists 3 Altcoins to Maintain Trading Standards
Three altcoin spot trading pairs have been delisted by Binance, the biggest cryptocurrency exchange in the world based on trade volume metrics. Binance‘s efforts to improve market quality are reflected in this step, which is scheduled to go into effect on December 25 at 03:00 UTC.
In order to decide whether to list or delist trading pairs, Binance periodically examines the performance of pairs and considers a number of variables. It evaluates things like the team’s dedication to the project, the volume and caliber of development work, and the reliability of the network and smart contract. According to the exchange, these safeguards preserve a top-notch trading environment and protect users.
When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it. Our priority is to ensure the best services and protections for our users while continuing to adapt to evolving market dynamics,
Binance
Binance Sets Delisting Timeline for WRX, BLZ, and AKRO Trading Pairs
In light of this, the exchange has pledged to remove trade pairs for WazirX (WRX), Bluezelle (BLZ), and Kaon’s powering token, AKRO (previously Akropolis). In particular, orders for the following trading pairs will be eliminated and automatically terminated by the exchange:
- AKRO/USDT
- BLZ/BTC,
- BLZ/USDT
- WRX/USDT
Additionally, Binance stated that following delisting, users’ wallets will no longer show the tokens’ worth. After the formal delisting, deposits of these tokens won’t be credited to user accounts for 24 hours. Users can only withdraw the impacted tokens from Binance by February 25, 2025, at 03:00 UTC. Following this statement, the prices of the AKRO, BLZ, and WRX tokens fell by double digits, ranging from 11% to 48%. The effect of token delistings from significant exchanges is shown in this result.
For more up-to-date crypto news, you can follow Crypto Data Space.
Leave a comment